How WestRock Performs Office Property Appraisals
Whether contemplating the purchase, selling, or investment of office property, there are several factors to consider. As in the case of all commercial real estate property, your first action is acquiring an appraisal report. This will ensure the valuation of fair market value, determining what you should be prepared to spend or what is a fair offer from a buyer or lender.
Office property, specifically, involves analysis of the current market, potential income generated, the number of units, necessary expenses for profitability, and square footage to determine rent incurred by tenants for the property owners. This set of variables, plus many more, and the evaluation of them is what generates an appraisal report.
Such an appraisal report requires a knowledgeable team with expertise and dedication. Regardless of the type of commercial property, WestRock’s appraisers are well-versed and experienced in many property valuation techniques. With an analysis of the market area and similar properties, any appraisal from WestRock is guaranteed to be thorough and accurate.
Having this detailed appraisal report in hand will benefit you and any potential investment strategy you have exponentially. This will grant you peace of mind and ensure that whatever sticker price is applied to the office property is a fair one.
